The passenger traffic on highways in China saw a steady decline from 2013 to 2021, experiencing significant drops in 2020 and 2021 by 47.02% and 26.21%, respectively. This trend reversed in 2022 with a 132.07% increase and continued to grow by 10.51% in 2023, culminating at 1.3046 Ten Billion Units. The cumulative average growth rate (CAGR) over the last five years improved to -0.93% by 2023, indicating a recovery phase.

Looking ahead, the forecast data from 2024 to 2028 show a stabilized growth rate with a projected five-year CAGR of 0.09%, and an overall growth rate of 0.46%. This indicates a more consistent and stabilized recovery and growth in passenger traffic on highways in China.

Future trends to watch for:

Further recovery trends post-pandemic and how sustainable growth will be in the coming years.
Potential impacts of new transportation policies and infrastructure investments.
Adoption of new transportation technologies and their influence on passenger traffic.